KOSPI and KOSDAQ surge by 5%... Sidecar to purchase both markets simultaneously

As the domestic stock market showed a sharp rise of around 5% in the early trading on the 10th, temporary suspension of program purchase calls (buy sidecar) was activated one after another in the stock market and KOSDAQ market.

According to the Korea Exchange, at 9:06:02 a.m. on this day, the program buy call was suspended for 5 minutes due to changes in the KOSPI 200 futures index in the stock market.

At the time of activation, the KOSPI 200 futures index was 821.04, up 44.78 points (5.76%) from the previous day's closing price.

The KOSPI sidecar is activated when the KOSPI 200 futures price rises more than 5% compared to the base price and continues for 1 minute, and the program bid price is suspended for 5 minutes.

At 9:10 a.m., about 4 minutes later, a buy sidecar was activated in the KOSDAQ market due to changes in the KOSDAQ 150 futures price and the spot index, and the program bid price was suspended for 5 minutes.

At the time of activation, the KOSDAQ 150 futures price was 1,099.50, up 65.10 points (6.29%) from the previous day's closing price.

The KOSDAQ 150 spot index rose 60.81 points (5.87%) to 1,095.53.

The KOSDAQ sidecar is triggered when the KOSDAQ 150 futures price rises by more than 6% compared to the base price and the KOSDAQ 150 index rises by more than 3% compared to the final figure of the previous trading day, which continues for one minute.

As of 9:16 am, KOSPI is at 5,293.11, up 5.46% from the previous day, and KOSDAQ is at 671.58, up 5.10%.